With over 3 billion shares EDE needs to sell at least $10 million pa of products to justify the current share price assuming a net margin of 10%.
This is now just a game of survival, not growth. To grow you need capital but the capital is now used just to survive.
A share consolidation is around the corner with a further CR plus the sale of the USA real estate, which would provide the capital for growth and the reason I have placed a small bet via the rights issue .
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Mkt cap ! $7.427M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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63 | 189283450 | 0.1¢ |
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Price($) | Vol. | No. |
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0.2¢ | 8420628 | 16 |
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No. | Vol. | Price($) |
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63 | 189283450 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 8420628 | 16 |
0.003 | 56391962 | 33 |
0.004 | 5691034 | 6 |
0.007 | 50000 | 1 |
0.008 | 678361 | 1 |
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